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Northern Petroleum Plc

Northern Petroleum Plc is an EU oil company that acquires low entry cost exploration, production and development assets and is committed to adding high value to shareholders from production and asset sales.

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Licences

Licences: Netherlands


Licence

Status

Interest

Operator
Onshore – Exploration
Engelen Licence 60.00% Northern
Oosterwolde Licence 60.00% Northern
Utrecht Licence 60.00% Northern
Andel III (Nieuwendijk) Licence 22.50% Northern
Drenthe III (Tiendeveen & Lhee) Licence 22.50%* Northern

Onshore – Production/Development
Papekop Licence 45.00% Northern
Drenthe III (Geesbrug) Licence 45.00%** Northern
Drenthe IV (Grolloo) Licence 45.00%** Northern
Andel III (Brakel, Ottoland & Wijk en Aalburg) Licence 45.00%** Northern
Waalwijk: Licence   Northern
Waalwijk – North   16.67%  
Waalwijk – South 2   50.00%  
Zuid Friesland III   49.56%^ Northern

Offshore – Production
P12 Licence 23.61% Wintershall

* Assuming farmin obligations to NAM are met.
** NAM has a 50% net profits interest after payback of 130% of Northern’s development costs.
^ Subject to completion of transfer of interests from Dyas to Northern.